GBPJPY Technical Analysis 16th June 2025 1h chart

GBPJPY Technical Analysis 16th June 2025 1h chart
– Previous Weekly candle closed weak Bearish at 195.540 forming weak Weekly Resistance around 195.930. Friday Daily candle closed Bullish forming a huge Rejection to the downside.

– I’ll be looking for potential Buys above 195.810 targeting current Monthly High at 196.430 Leaving Runners to the Daily Resistance formed on 6th January 2025 around 197.180.


– I’ll be looking for potential Sells Below 195.110 targeting previous 4h Support formed on 5th June 2025 around 194.110 Leaving Runners to the 4h Support formed at 193.750.


– Price continues to range within the daily consolidation zone. Ideally, waiting for a breakout from this range offers better clarity and confirmation.